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The Independent UK
The Independent UK
National
Elaine Kurtenbach

Myanmar's economy in crisis as civil strife disrupts trade and livelihoods

Copyright 2022 The Associated Press. All rights reserved.

Myanmar, once a thriving emerging economy, is struggling to regain momentum as the country’s civil war increasingly disrupts trade and livelihoods.

World Bank economists estimate the country's economy grew at a 1% annual pace in the year that ended in March, more slowly than earlier expected, according to a report i ssued Wednesday. They expect a similar rate of growth for this fiscal year.

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